The chain reaction of the Fed's interest rate cut: small cap stocks are highly favored.
Many smaller AI sector stocks in the Asian market are relatively few, so their valuations are not expensive; coupled with the dovish turn of the Federal Reserve, which has pushed up the currencies of these Asian countries, some central banks have room to lower interest rates and implement loose policies to support economic growth.
In the first half of the year, CITIC Prudential Life Insurance suffered a net loss of 3.441 billion and the net return on assets fell to -28.28%, with hopes of short-term elimination of fee differential losses under the transformation of bank-insurance in
In the first half of the year, CITIC-PRU achieved insurance business income of CNY 16.932 billion, a decrease of 0.61% year-on-year; The company recorded a net loss of CNY 3.4 billion in the first half of the year, further expanding from the full-year loss of CNY -0.827 billion in 2023; Currently, the position of the company's director is still vacant.
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